NZDCAD (Buy low sell high)
Reasons to go long
1 the market rejected the 61.8 monthly fib level
2 market broke the daily trend line
3 the market is forming a head and shoulders
on the daily as well as on the 4 hour.
the daily high is not yet confirmed . the best way to
Take advantage of this trade is to wait for the retest
of the trend line.
I'm wrong
if the market makes a new lower low.
the market closes below the daily trend line
Fails tho complete the head and shoulders formation.
Reasons to go long
1 the market rejected the 61.8 monthly fib level
2 market broke the daily trend line
3 the market is forming a head and shoulders
on the daily as well as on the 4 hour.
the daily high is not yet confirmed . the best way to
Take advantage of this trade is to wait for the retest
of the trend line.
I'm wrong
if the market makes a new lower low.
the market closes below the daily trend line
Fails tho complete the head and shoulders formation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.